Hypersolar Inc's CEO and Acting CFO just picked up 1,000 shares

Timothy Alan Young, Hypersolar Inc's CEO and Acting CFO and a director of the company, recently acquired 1,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 27, 2022. Young now owns 1,000 shares of the company. Young operates out of Santa Barbara, CA. Some additional info was provided as follows:

The Reporting Person was issued 1,000 shares of newly created Series A preferred stock for services rendered. The shares will automatically be redeemed by the Issuer at par value on the first to occur of the following events: (i) sixty days as after the effective date of the Certificate of Designation of the Series A Preferred Stock, (ii) the date that Timothy Young ceases to serve as officer, director or consultant of the Company, or (iii) on the date that the Issuer's shares of common stock first trade on any national securities exchange and such listing is conditioned upon the elimination of the preferential voting rights of the Series A Preferred Stock.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Hypersolar: Sunhydrogen Well-Capitalized For Nanoparticle-Based Green Hydrogen Technology’S Continued Development Toward Commercialization - July 20, 2022

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